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ZAMBIA’S METAL EXPORTS INCREASE

THE value of Zambia’s metal exports increased to K3, 967.3 million in August 2015 from K3, 625.7 million in July 2014. The overall contribution of metals and their products to the total export earnings in August and July 2015 averaged 75.1 per cent. Central Statistics Office (CSO) director John Kalumbi …

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Intrepid accelerates exploration at Zambia target

Minerals explorer Intrepid Mines has mobilised a fourth diamond drill rig to the high-priority Kakozhi satellite target, in Zambia, accelerating a drilling programme aimed at better defining the potential of the prospective Mumbwa copper project. Drilling at Kakozhi had previously focused on testing a coincident soil geochemical and airborne gravity …

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Zambia’s electricity deficit rises to 985MW – Energy Minister

Zambia’s electricity deficit has risen to 985 MW in September from 560 MW in March as water levels in reservoirs at its hydropower station fall due to drought, its energy minister said on Tuesday. In a statement to parliament, energy Minister Christopher Yaluma said the government was taking short and …

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Mopani Mine plans to cut more than 3,800 jobs

Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3 800 workers due to lower metal prices and high production costs, government sources said. An electricity shortage in the southern African nation and weaker copper prices have put pressure on its mining industry, …

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Gemfileds delivers maiden mineral resource, ore reserves for Kagem

Coloured gemstones miner Gemfields has produced the first measured mineral resource and proven ore reserve statement for its 75%-owned Kagem emerald mine, in Zambia. The company on Wednesday said a Competent Persons Report (CPR), produced by consulting firm SRK Consulting, had shown a Joint Ore Reserves Committee-compliant measured, indicated and …

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